Hollow Brook Wealth Management LLC Lowers Holdings in The TJX Companies, Inc. (NYSE:TJX)

Hollow Brook Wealth Management LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 22.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,750 shares of the apparel and home fashions retailer’s stock after selling 500 shares during the period. Hollow Brook Wealth Management LLC’s holdings in TJX Companies were worth $206,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the second quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the 3rd quarter worth about $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at about $30,000. Finally, New Millennium Group LLC acquired a new position in shares of TJX Companies during the second quarter worth about $34,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.1 %

NYSE TJX opened at $125.76 on Monday. The firm’s fifty day moving average is $117.29 and its two-hundred day moving average is $113.46. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a market cap of $141.84 billion, a PE ratio of 29.57, a P/E/G ratio of 3.09 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the business earned $1.03 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent research reports. TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Loop Capital lifted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday. Wells Fargo & Company lifted their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Finally, Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.47.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.